Question: A consultant reviews a initial study on loan application processing time with an accuracy deviation ratio of 0.05 and a confidence interval of 99%. The

A consultant reviews a initial study on loan

A consultant reviews a initial study on loan application processing time with an accuracy deviation ratio of 0.05 and a confidence interval of 99%. The sample mean is 5.7 minutes and a sample standard deviation of 2.8. Assume the maximum acceptable error to be 0.8. What should be the number of observations if a study to be conducted (don't round your answer). a. 525.45 b. 81.54 c. 47.06 d. 642.49 e. 262.78

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

A consultant reviews a initial study on loan application processing time with an accuracy deviation ratio of 0.05 and a confidence interval of 99%. The sample mean is 4.3 minutes and a sample...

A consultant reviews a initial study on loan application processing time with an accuracy deviation ratio of 0.04 and a confidence interval of 99%. The sample mean is 4 minutes and a sample standard...

A team of two team members is attempting the Hungarian method on an assignment problem. After row and column reduction, first team member crossed all the zeros out with 8 lines. Second team member...

A consultant reviews a initial study on loan application processing time with an accuracy deviation ratio of 0.02 and a confidence interval of 99%. The sample mean is 3.8 minutes and a sample...

A consultant reviews a initial study on loan application processing time with an accuracy deviation ratio of 0.04 and a confidence interval of 99%. The sample mean is 3.4 minutes and a sample...

23 A consultant reviews a initial study on loan application processing time with an accuracy deviation ratio of 0.06 and confidence interval of 99%. The sample mean is 6.7 minutes and a sample...

A consultant reviews a initial study on loan application processing time with an accuracy deviation ratio of 0.04 and a confidence interval of 99%. The sample mean is 4.2 minutes and a sample...

20 A consultant reviews a initial study on loan application processing time with an accuracy deviation ratio of 0.03 and a confidence interval of 99%. The sample mean is 4.3 minutes and a sample...

A consultant reviews a initial study on loan application processing time with an accuracy deviation ratio of 0.02 and a confidence interval of 99%. The sample mean is 5.5 minutes and a sample...

f(x) = 2x + 3. Find the inverses of each of the above functions. In each case, compute the output of the original function at an input of 1.0, and show that the inverse undoes the action of the...

Explain why tooth spacing is important in sawing. Discuss.

If Hart Enterprises decreases its WACC to 9 % , will the value of Hart Enterprises increase or decrease? Explain your answer ( 3 points ) ? View keyboard shortcuts EditViewInsertFormatToolsTable 1 2...

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...